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ROMANIA WILL SOON OFFER REGULATED ONLINE GAMBLING

Romania is looking to revolutionize the laws governing the legislation of online gambling in the country. The Romanian government has moved to legalise the use of real money when gambling online.

Romania has offered a part-regulated online gambling service since 2010 but the laws have recently been amended to ensure that operators and players alike can make use of the fully regulated new laws.

The president of Romania’s National Office for Gambling, Odette Nestor, said: “Through this ordinance, the government has managed to regulate the online gambling sector, which was regulated in 2010, but not completely. We now have a legal framework that allows gambling operators to get licensed in Romania and, through this licensing, we will protect minors and Romanian players.”

The draft law amending and approving bill GEO 92/2014, which is the emergency ordinance to introduce fundamental changes in remote gambling, will change a number of requirements to obtain an online gambling licence. Once the draft law has been sent to the President for likely approval, Romania will officially be in the market place of the fully regulated European online gambling industry.

Head of intellectual property at Romanian law firm NNDKP, Ana-Maria Baciu said, "After a wait that lasted more than six years, the Romanian online gambling market has finally opened for foreign operators. We will now have to wait and see who will be willing to pay the envisaged back tax, and then time will tell whether the investment - in both time and money - will have been worth it."

Certain restrictions will still apply such as gambling activities only being conducted in the Romanian jurisdiction. This includes not only Romanian legally sanctioned entities, but also by operators headquartered within a European Union Member State or in Norway, Iceland, Liechtenstein or the Swiss Confederation with the amended internet gaming law.

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